JPMorgan’s Michele Urges Treasury to Ax ‘Orphan’ 20-Year Bond

JPMorgan Asset Management’s Bob Michele has some advice for Treasury Secretary Scott Bessent: get rid of the 20-year bond.

By Greg Ritchie and Jonathan Ferro · Bloomberg Markets

JPMorgan Asset Management’s Bob Michele has some advice for Treasury Secretary Scott Bessent: get rid of the 20-year bond.